Adomani, Inc. (ADOM) 10-Q Quarterly Report October 2019

ADOMANI, Inc. (OTCQB: ADOM), a provider of advanced zero-emission vehicle drivetrain solutions and purpose-built electric vehicles, today announced its results for the third quarter ended September 30, 2019.

Quarterly and Recent Highlights

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Sales revenue of approximately $5.7 million for the three months ended September 30, 2019, which is more than double the 3^rd quarter revenue of the same period in 2018 and, when combined with the revenue through the first 6-months of 2019, is over 200% of the full year revenue for 2018.

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Backlog of $4.1 million at September 30, 2019, the majority of which is expected to be delivered in 2019.

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ADOMANI received its initial purchase order for ten Class 4 all-electric trucks. This order is included in the September 30, 2019 backlog number.

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Key members of the ADOMANI management team visited China in July and September as a follow-up to the February and June visits to China. These meetings were intended to strengthen the supply chain for all-electric vehicles and to meet with several Chinese manufacturers in order to explore prospective alliances, as well as develop relationships with progressive electric vehicle suppliers. We expect that these and future meetings will result in ADOMANI having access to new, desirable vehicles for the marketplace.

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Continued to showcase our all-electric commercial trucks and vans in California ride-and-drive events, including the annual California Higher Education Sustainability Conference in July, and met with and demonstrated the vehicles to multiple school districts, cities, utility districts and other municipal agencies

The following information was filed by Adomani, Inc. (ADOM) on Wednesday, October 23, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Adomani, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: ADOM
CIK: 1563568
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-037750
Submitted to the SEC: Thu Oct 24 2019 6:46:59 PM EST
Accepted by the SEC: Fri Oct 25 2019
Period: Monday, September 30, 2019
Industry: Motor Vehicle Parts And Accessories